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I am unable to see any explanation in that article but merely unsubstantiated claims (basically rhetoric). People are disillusioned with democracy and capitalis
by tn13 12y ago
I am unable to see any explanation in that article but merely unsubstantiated claims (basically rhetoric). People are disillusioned with democracy and capitalism ? Really ? 1/6th of world's population (India) just had one of the most peaceful election voting in a "minimum government" capitalism oriented leader with unprecedented voter turnout and thumping majority.
Any ways, I will not take even a Noble winning economist seriously if he says he can "explain" global economy. These systems are far too complex. A Computer Scientist with exceptional knowledge about Compilers might be as clueless about machine learning as the next guy. No one can really explain these things. The closest explanations about such things in my opinion is given by either Milton Friedman or Nissim Taleb, and their explantions seem to be that there is no explanation.